Read back a few posts - talk of developments on Tuesday by the poster who called TPS right.. obviously not a share to put too much cash into but DYOR and then decide. Spread is not too bad either compared to some AIM shares gl
While the Company continues to look for reverse takeover transactions, it is also looking to take advantage of opportunities to seed transactions at a pre-IPO stage with the intention of incubating them to come to market in a way which will enhance the value of Pires initial holding. We have made one such investment, at this stage on a small scale, in a shale oil project. We have also invested in a range of liquid quoted investments as announced on 12 April 2013. The Company will re-present its investing policy to shareholders for approval by shareholders at the forthcoming Annual General Meeting.
The Company is now in a position to move forward in a positive manner and your board is confident of taking it forward with substantive transactions during the current financial year.
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